The Iron Monkey is a town centre pub within our Proper Pubs estate, it lies on Iron market, one of the primary streets in the heart of Newcastle-under-Lyme town centre. Newcastle-under-Lyme is a vibrant market town in Staffordshire, England, known for its rich history, lively atmosphere, and strong sense of community. The town boasts a mix of independent shops, cafes, and pubs, making it a popular destination for both locals and visitors. It is home to Keele University, which brings a student population that contributes to the town’s energy and nightlife. The pub benefits from its central location on the main circuit for both daytime shoppers and those enjoying an evening out in the town’s vibrant hospitality scene. Pub Layout The Iron Monkey is a lively and vibrant pub offering a variety of seating options, from high poseur tables to cosy booths perfect for larger groups. A favourite among locals, the pub features a well-loved pool table and a dynamic space for both relaxation and socialising. The ground level combines soft carpet with stylish tiles, leading to the main bar area, where a polished wooden floor invites vertical drinking and dancing. The well-stocked bar is the heart of the pub, catering to every taste with an extensive range of drinks. For those seeking a quieter setting, the zoned snug areas provide a more intimate atmosphere while still keeping guests close to the action. Whether you're here for a relaxed evening or a lively night out, The Iron Monkey has something for everyone. Trading Style: The Iron Monkey offers a dynamic and diverse weekly entertainment schedule designed to engage the local community. Midweek activities such as free pool, poker, roulette karaoke, providing regulars with enjoyable experiences throughout the week. As the weekend approaches, the atmosphere becomes even more vibrant, featuring live music, DJs, and additional karaoke sessions that draw in larger crowds. The Iron Monkey commitment to fostering community spirit is evident in its history of successful charity and community events, which have been met with support from locals. To maintain its appeal, The Iron Monkey consistently delivers high retail standards, offering an impressive range of top-quality products and exciting weekly promotions that ensure great value for money. It focuses on the local student population on a Tuesday & Thursday with further enticing promotions. Accommodation: Private Accommodation The private accommodation is situated on the third floor and consists of three bedrooms, domestic kitchen, storeroom, living room, bathroom all of which are in good condition. Financial: Security deposit: £2,000 No rent applicable on this agreement This opportunity is for you to run your pub as a self-employed manager. Admiral Taverns take care of all the running costs including rates, utilities, stock and day to day running costs whilst you take home 18.5% of the net weekly sales, all employment costs relating to your staff and any council tax and TV licence for the residential quarters. All new operators have comprehensive free training as part of their agreement. 7 Steps to Sales Success Training Programme. Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step. E-Learning Training for you and your staff. Featuring more than 30 courses for both you and your staff, you’ll have access to a wide range of topics from Compliance, Health and Safety to Personal Development and Wellbeing. BDM Vision: Steph Briggs the Business Development Manager is seeking a couple or individual who has the energy & passion to continue to drive this great business forward. The ability to adapt to the varied clientele and create a safe and welcoming space for all is essential. The ideal applicant will be able to demonstrate a good understanding of the local marketplace as well as being community focused and have previous knowledge in running a similar pub. This pub is not suitable for first time operators. If you’re ready to make a positive impact on the local community while driving the success of the pub, we want to hear from you Future Plans: Additional Information: Annual Rent – This is our lowest rent figure associated with a Full Tie. If the tie is reduced the effective rent (via Tie Release Fees) will increase. Rent is billed and paid for weekly in advance depending on the payment terms agreed). On occasion, our Business Development Manager will discuss a start up rent which is discretionary to an individual pub and can be discussed. Security Deposit – This sum of money will be held on your account and will be returned to you on exiting of the pub based on your final account balance and the condition of the property. Our standard deposit is 25% of the headline rent. On occasion, we can negotiate a lower security deposit with the aim to build up to our full deposit on a long term agreement. Working Capital – This is a recommend amount required which will be used in the day-to-day running of the business. Stock – This will be valued by an independent valuer on the day you take over the pub. This includes unbranded glassware, unopened bottles, wines, spirits, any unopened / opened kegs and cask ale providing the container is unopened. Fixtures & Fittings – This includes any item that is bolted to the floor or walls, and a fitting to be any item that is free standing or hung by a nail or hook. This will also include furniture. Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee. Training – £350.00 – Before signing a long term agreement, you will be required to attend our 7 Steps to Sales Success training programme. Held online over two days, you will learn marketing and business strategies that will help you to grow sales in your pub – step-by-step. Service Charge Cost – £63.33 per week – The Admiral Taverns Premium Maintenance Package will help take care of your compliance and statutory obligations with one simple fee, whilst giving you piece of mind about your boiler and cellar cooling repair and replacement. This also includes full access to e-learning for you and your staff. Zero Business Rates – Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied for by the licensee and the licensee only occupying one property for commercial purposes. Please note, this only applies to pubs marked with an Asterix